SECTION-E: TENDER AND CONTRACT FOR WORKS

12 of 77
37. The full value or ‘Earnest Money Deposit’ paid here with should be
absolutely forfeited to the GSECL should I/We not deposit the full amount of
specified security deposit.
38. The contractor should give employment preferably to the persons who have lost
their land for Wanakbori TPS.
39. The work will have to be carried out in co ordination with other Agencies on the
same site. On account of this, in case the contractor has to stop or delay his
works for some time, he will not claim anything extra. only Corporation may
consider to give suitable extension in time limit if necessary on such account.
40. Any disputes arising out of the contract if not settled mutually, then the same
shall be settled by Gujarat Public Work Arbitration Tribunal act-1992.
41. The contractor has to submit the solvency certificate of Nationalized Bank of 20
% of estimate cost and Experience certificates for the works done satisfactorily
of same nature along with the tender other wise the tender is liable to be
rejected.
42. The GSECL reserves the right to terminate this contract at any time without
assigning any reason whatsoever by giving a notice period of one month from
the date of notice of termination of the contract .Contractor will not be entitled for
any compensations/damage/losses, whatsoever on account of such termination
of the contract.
Sign of Contractor Superintending Engineer (Civil )
GSECL, WTPS.
Signature of Contractor